MicroStrategy founder Michael Saylor: Continuously buying Bitcoin is a form of exit strategy

MicroStrategy founder Michael Saylor, of MSTR, was asked if he was considering taking profits. He stated that he had previously said he would "always buy at the top," and that continuously buying Bitcoin is MicroStrategy's exit strategy.

Michael Saylor: Bitcoin Competing with S&P 500 and Real Estate

Michael Saylor presented several key points:

Does ETF Increase the Difficulty for MicroStrategy to Buy Bitcoin?

Michael Saylor denied this, stating that it is a good virtuous cycle, and believes that Bitcoin ETFs open the door for institutional capital inflow, promoting the digital transformation of capital.

The inflow of Bitcoin ETFs also far exceeds the selling pressure from mining companies, approximately 8 to 10 times.

MicroStrategy's Bitcoin assets are about $10 billion, are you considering taking profits?

Michael Saylor stated that he had said, "I will always buy at the peak," and continuing to buy Bitcoin is MicroStrategy's exit strategy.

He said:

The market value of Bitcoin is now on par with Apple, Google, and Microsoft, the difference being that Bitcoin is an asset class rather than a company. The capital structure of companies cannot accommodate $10 trillion or $100 trillion. Therefore, Bitcoin is competing with gold, with a market value still having room to grow by more than ten times, it is competing with assets categories such as S&P 500, real estate, each worth over hundreds of billions, as a value storage asset.

He believes that capital will continue to flow from these asset categories into Bitcoin because Bitcoin is superior in technology to these assets, so there is no reason to sell winners and buy losers.

MicroStrategy's Bitcoin Holdings Approach $10 Billion

Earlier reports stated that MicroStrategy first planned to invest in "alternative assets" in August 2020 when the price of Bitcoin was only about $11,653. In September 2020, the board unanimously agreed to make Bitcoin its primary reserve asset. Since then, MicroStrategy has added to its holdings multiple times, boldly buying even when the price fell below its cost basis.

With the price of Bitcoin approaching $53,000, MicroStrategy has continuously invested funds over the past few years, holding 190,000 bitcoins long-term, with a value approaching $10 billion.

Michael Saylor also emphasized in this interview that MicroStrategy is a stock with a Bitcoin leverage effect.

Bitcoin Surpasses $52,000, MicroStrategy's Bitcoin Holdings Approach $10 Billion